China blocks compliance with US sanctions on Iran-linked firms
The Chinese Ministry of Commerce on Saturday issued a blocking order banning the recognition, enforcement or compliance with US sanctions imposed on five Chinese companies over their alleged involvement in Iranian petroleum transactions.
The five companies are Hengli Petrochemical (Dalian) Refining Co., Ltd., Shandong Shouguang Luqing Petrochemical Co., Ltd., Shandong Jincheng Petrochemical Group Co., Ltd., Hebei Xinhai Chemical Group Co., Ltd., and Shandong Shengxing Chemical Co., Ltd.
